ICBC rates go up 6.4 per cent Nov. 1

B.C. motorists will pay an average increase of $4.75 per month for basic insurance coverage

ICBC rates increase 6.4 per cent for basic coverage today.

Announced in September, Attorney General David Eby said the rate hike comes after ICBC recorded its largest loss in history.

The basic rate increase translates to $57 a year more for the average B.C. driver on basic insurance.

For drivers who also have ICBC’s optional insurance coverage, a series of quarterly increases in those rates mean the average driver will be paying $130 a year more by next year.

Drivers with at-fault crashes now also face steeper rate increases than are currently assessed.

With files from Tom Fletcher


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Recount results in a tie in Peachland mayoral race

Harry Gough lead incumbent Cindy Fortin by one vote on election night Saturday

Kelowna Rockets GM hopes to have a new head coach before weekend

Bruce Hamilton says he felt a change had to be made after team lurches to a 4-10 start

Teichrieb will plead guilty in connection with 2016 beating of teen in Kamloops

He was set to stand trial in Kelowna on Tuesday on charges of attempted murder and assault

Ballet Kelowna to kick off 16th season with pair of premiers

Fresh off performances in Beijing and Toronto, company will perform at KCT Nov. 16 and 17

Kelowna Rockets fire head coach

“I feel at this time we need to go in a different direction …”

B.C. sailor surprised by humpback whale playing under her boat

Jodi Klahm-Kozicki said the experience was ‘magical’ near Denman Island

Ovechkin has 4 points as Caps rough up Canucks 5-2

WATCH: Defending champs pick up impressive win in Vancouver

World Junior Hockey fever hits Vernon

Vipers spice up floor ball demonstration at OK Landing School

Shuswap refugee family settles into new, more hopeful life

Father of 10th Syrian family to come to Salmon Arm says learning English, work, top priorities

RCMP seek missing Vernon man

Michael Ramsey, 49, was last seen Oct. 21

B.C. government moves to tighten resource industry regulations

New superintendent will oversee engineers, biologists, foresters

Election watchdog seeks digitally savvy specialists to zero in on threats

Move follows troublesome evidence of online Russian interference in the 2016 U.S. election

Most Read